Shell Offshore, a subsidiary of Royal Dutch Shell, has announced the early start of production – around one-year ahead of schedule – on the first phase of Kaikias, an economically resilient, subsea development with estimated peak production of 40,000 barrels of oil equivalent per day located in the US' Gulf of Mexico.

Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in early 2017, lowering the forward-looking, break-even price to less than ...

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